Mauritius Commercial Bank signs a US$20m term loan facility with Bank of Kigali to support its growth objectives

MAURITIUS – The Mauritius Commercial Bank Limited (MCB) and Bank of Kigali Plc have successfully signed US$20 million deal between them to provide additional liquidity to Bank of Kigali Plc over a 1-2 year period to facilitate execution of its lending strategy. Despite the challenging market conditions, Bank of Kigali Plc maintains strong financial performance and continues to attract the support of financial institutions, showcasing investors’ confidence in the bank. The loan proceeds will be used mostly to fund their general corporate projects. Bank of Kigali Plc remains a systemically…

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Bank of Kigali digital platform disburses over US$7.7m in first half of 2019

RWANDA – Bank of Kigali’s digital product, BK Quick disbursed US$7.7 million (Rwf 7.1bn) as of June 2019 according to the bank’s financial statement, reports New Times Rwanda. This is one of the bank’s digital efforts in a bid to increase financial inclusion, ease credit access and reach out to more clients. BK Quick allows customers to apply for and access loans rapidly and save money through auto/fixed saving and also digital transactions by E-banking online with a BK App. The services facilitate loan amounts of up to US$542.25 (…

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